Paul Ryan: Budget Offers 'Economic Freedom,' Balanced Spending

Wednesday, 02 Apr 2014 11:09 AM

By Wanda Carruthers

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House Budget Committee Chairman Paul Ryan says the budget plan he authored offers Americans "economic freedom" with a balanced approach to government spending.

"What we're doing here . . .. is very much in keeping with our constitutional principles — limited government, economic freedom, balancing the budget, creating jobs," the Wisconsin Republican told "Fox & Friends" on Wednesday.

Ryan's budget cuts spending by $5.1 trillion, balances the budget within 10 years, repeals Obamacare, reforms Medicare, and overhauls the tax code.

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Ryan said the budget plan also focuses on increasing energy production "so that America can become an independent nation when it comes to oil and gas, and create jobs."

In addition, he said the proposal maintains military spending to "send signals to the rest of the world that not every political party in America believes we should shrink our military."

"We . . . have a huge disagreement with the president on his new plan to hollow out our military. We're not going to do that. We believe in peace through strength," Ryan said.

The budget proposal proves lawmakers could "balance the budget for this country, pay off the debt, secure our military, create jobs," Ryan said.

Though he admitted his budget had little chance of approval in the Senate, Ryan said it shows Republicans were not just an "opposition party," but an "alternative party," as well.

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